Thai Baht

SINGAPORE: The military coup in Thailand triggered a sell-off in the baht on Wednesday as investors looked for safety in a knee-jerk reaction which dealers said would likely be limited unless there was an outbreak of violence. At 10:00 am, the baht was quoted at 37.735 to the dollar, down from 37.305 yesterday. Dealers said the baht was not expected to fall below 38 to the dollar unless the military coup took a violent turn or signs emerged of internal divisions...

LONDON: Asian emerging market currencies were weaker against a buoyant dollar on Monday as investors bet the Federal Reserve will lay the ground for US interest rate rises, with Indonesia's rupiah touching a new 17-year low. As the rupiah traded at levels last seen in 1998, in the wake of the Asian financial crisis, the Thai baht, and Malaysian ringgit also weakened. The dollar's surge is being driven by expectations that Fed chair Janet Yellen will indicate following this...

MUMBAI: Thailand expects over ten lakh tourist arrivals from India this year, up from 9.5 lakh in 2014. Globally, India is the sixth largest source market for Thailand along with China, Malaysia, Russia, Japan and Korea which contribute a million arrivals to Thailand's inbound tourist numbers annually. "India is one of the fast growing source markets for Thailand," said Thailand's Minister of Tourism and Sport , Her Excellency Kobkarn Wattanavrangkul. The...

MUMBAI: Thailand expects over ten lakh tourist arrivals from India this year, up from 9.5 lakh in 2014. Globally, India is the sixth largest source market for Thailand along with China, Malaysia, Russia, Japan and Korea which contribute a million arrivals to Thailand's inbound tourist numbers annually. "India is one of the fast growing source markets for Thailand," said Thailand's Minister of Tourism and Sport , Her Excellency Kobkarn Wattanavrangkul. The minister...

In an interview with ET Now, Ajay Marwaha, Executive VP, Head-Trading, HDFC Bank , shares his outlook on currency. Excerpts: ET Now: What is leading to the weakness in the rupee in the last couple of trades? Ajay Marwaha: A couple of factors which are more important are pure demand supply and anecdotal evidence. Oil company demand seems to be coming or trickling back into the system, which is a good thing from a normal perspective. But from...

NEW DELHI : Storm clouds massing over the Western Pacific and headed our way carried unusually high uncertainty about the future," Alan Greenspan, hitherto the world's most powerful central banker, warned after the East Asian Crisis of 1997. Nearly a decade hence, storm clouds from Asia remain as uncertain. The latest fall of Asia's strongest currency, Thai Baht, brings into focus the uncertainties that characterise emerging market economies (EMEs), which ride on a market perception of...

SINGAPORE: Asian currencies slipped on Friday as China's surprise rate cut added to worries of a global slowdown at a time investors were already fretting over the escalating debt crisis in Europe and sluggish growth in the United States. China delivered a surprise rate cut on Thursday, its first rate reduction since the 2008 financial crisis. However, the timing worried traders as it came just before a deluge of May data due this weekend. "It initially brightened...

In an interview with ET Now, Ajay Marwaha, Executive VP, Head-Trading, HDFC Bank , shares his outlook on currency. Excerpts: ET Now: What is leading to the weakness in the rupee in the last couple of trades? Ajay Marwaha: A couple of factors which are more important are pure demand supply and anecdotal evidence. Oil company demand seems to be coming or trickling back into the system, which is a good thing from a normal perspective. But from a...

SINGAPORE: Thai financial officials attending an annual IMF-World Bank meeting in Singapore were rushing home following a military coup in Bangkok early on Tuesday. International Monetary Fund chief Rodrigo de Rato said he was monitoring the situation. "We have certainly not seen up to now any financial consequences but as I said before we are following developments very closely," de Rato said. "We look forward to an evolution and the benefits of democracy and stability in the country.

TOKYO: The dollar fell back against the euro in Asia Wednesday following an earlier buy-up of the greenback triggered by a rise in US bond yields, dealers said. The euro rose to 1.3124 dollars in Tokyo afternoon trade against 1.3116 dollars in New York late Tuesday. The single European currency was flat at 108.00 yen. The dollar fell to 82.27 yen from 82.43 yen. The euro was down against the dollar on broad demand for the US currency as Treasury yields rose overnight...

MUMBAI: The rupee firmed up on Friday amid dollar selling by the Reserve Bank and a growing buzz that Life Insurance Corporation (LIC) could tender shares in Unilever's open offer. Essar Steel added to the dollar supply after it sold a slice of the $1-billion foreign loans raised on Thursday, said currency dealers. The local currency also received some support as most large banks refrained from shorting the rupee with officials of the regulator enquiring about their intra-day open...

SINGAPORE: Asian currencies slipped on Friday as China's surprise rate cut added to worries of a global slowdown at a time investors were already fretting over the escalating debt crisis in Europe and sluggish growth in the United States. China delivered a surprise rate cut on Thursday, its first rate reduction since the 2008 financial crisis. However, the timing worried traders as it came just before a deluge of May data due this weekend. "It initially brightened the...

SINGAPORE: The US dollar recovered slightly against the euro and yen in quiet Asian trade Monday as investors awaited bond sales by financially beleaguered European countries later this week, analysts said. The euro was trading at $1.2908 against the greenback in afternoon Asian trade from $1.2912 in New York on Friday, and bought 107.25 yen from 108.44. The US dollar changed hands at 83.09 yen compared with 83.06 yen on Friday. Markets in Japan are closed for...

TOKYO: The dollar rose against the euro in Asia on Wednesday as the market grew more optimistic about the US economic recovery, dealers said. The euro fell to 1.3273 dollars in Tokyo afternoon trade from 1.3303 dollars in New York late Tuesday. The single European currency sagged to 108.81 yen from 109.12 yen. The US currency was range-bound against the yen, fetching 81.98 compared with 82.00 yen in New York. The market gained...

TOKYO: The dollar fell back against the euro in Asia Wednesday following an earlier buy-up of the greenback triggered by a rise in US bond yields, dealers said. The euro rose to 1.3124 dollars in Tokyo afternoon trade against 1.3116 dollars in New York late Tuesday. The single European currency was flat at 108.00 yen. The dollar fell to 82.27 yen from 82.43 yen. The euro was down against the dollar on broad demand for the US currency as Treasury yields rose...

LONDON: Asian emerging market currencies were weaker against a buoyant dollar on Monday as investors bet the Federal Reserve will lay the ground for US interest rate rises, with Indonesia's rupiah touching a new 17-year low. As the rupiah traded at levels last seen in 1998, in the wake of the Asian financial crisis, the Thai baht, and Malaysian ringgit also weakened. The dollar's surge is being driven by expectations that Fed chair Janet Yellen will indicate following this...

SINGAPORE: Thailand's unexpected overnight military coup rattled Asian financial markets on Wednesday and pressured the Thai baht and other regional currencies, though its economic repercussions remained unclear. The news prompted Fitch Ratings to say it was considering lowering the credit rating of the country's sovereign debt and seven major Thai banks. Standard & Poor's ratings services said it was putting six major Thai companies, including Thai Oil Public, on...

TOKYO: The dollar was higher against the yen Tuesday after rallying on improved US manufacturing data, as expectations rise that US easing measures may be more modest than thought. In Tokyo trade the dollar was at 80.57 yen compared with 80.49 yen in New York overnight. The euro fetched 1.3932 dollars, up from 1.3897 dollars, and 112.22 yen, up from 111.85. On Monday the greenback hit a new 15-year low of 80.21 yen in Asia to edge closer to its lowest level since World War II,...

TOKYO: The euro eased against the yen and the dollar in Tokyo trade Wednesday on profit taking after earlier gains, dealers said. The European single currency was at 112.65 yen in Tokyo afternoon trade from 112.72. The dollar was flat at 91.43 yen while the euro eased slightly to 1.2323 dollars from 1.2327. The dollar and the euro earlier traded higher against the safe-heaven yen, supported by increased risk appetite after Japanese shares moved above the 10,000...